India, June 19 -- India has restricted the import of some alloys that contain more than 1% gold by weight and certain colloidal precious metals to regulate the import of gold in the garb of chemical compounds or any other form, officials said on Thursday.

Industrial users can, however, import such alloys against an import authorisation, an official added.

The import restrictions are applicable on palladium, rhodium, and iridium alloys in any form (unwrought or powder) consisting of more than 1% gold. A separate order, also issued on Tuesday, restricted import of colloidal precious metals, which refers to suspensions of gold and silver nanoparticles in a liquid.

"The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and ...